Quote:
Originally Posted by GenXer
Quote:
Originally Posted by mecheng77
If you make $55k and need more than 25 xyears to pay off a house, you don't know how to manage your money.
How many places in the world and first world and free and from them how many are affordable? Only USA. The avg price in all of Canada is $504k, In the metro cities it's much higher. Homes in the USA are very affordable. Europe, Australia, are all expensive
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Less than 38M people, plenty of land and an average home price is still $504K ? That's just awful. |
Quote:
Originally Posted by GenXer
Quote:
Originally Posted by mecheng77
If you make $55k and need more than 25 xyears to pay off a house, you don't know how to manage your money.
How many places in the world and first world and free and from them how many are affordable? Only USA. The avg price in all of Canada is $504k, In the metro cities it's much higher. Homes in the USA are very affordable. Europe, Australia, are all expensive
|
Less than 38M people, plenty of land and an average home price is still $504K ? That's just awful. |
Yup but everyone wants to live in the southern part where we "only" get 4 months of cold winter. The northern areas of land are basically exploited for their resources
I predict with a Dem govt the borders will open, new immigrants will flood in and house prices will sky rocket. There are not many free countries in the world. We are seeing that here in Canada, the ones from Asia are flush with cash making Vancouver the most expensive housing market in North America
My advice, see if covid helps push pricing down, it might a little bit and then buy. If you can buy more than one house that is always smart